Circle leads the fall of the crystill after the house blocks the procedural vote

Wheel Shares slid on Tuesday after The US House failed to clear the key procedural obstacle This would lead to voting for the long-awaited crypto projects.

This step has caused a major failure to the digital asset branch that this week has been issued as The turning point for clarity of adjustment In Washington, District Colombia

Circle, the Stablecoin Issuer, which has taken off at the price of its debut in the state market last month, decreased about 5%after the vote. Krypto -exchange Base and Shakhtar Bitcoin A dream Holding both slipped about 2%.

Even after Tuesday fall, Circle shares are still six times from the IPO value. The company is an issuer of the USDC, the second largest launch of a stable launch, approximately 24% of the world market. The circle did not immediately respond to a request for comment.

The legislation, including the genius law, notes for the first time when the US set federal rules for the stabils, which is $ 260 billion, a cry -market, which is at the heart of most digital assets. The bill sets the requirements of the full reserve, the monthly mandates and creates the way for private companies to issue regulated digital dollars under the Blessing of the US Government.

A genius act passed the Senate last monthMilestone for both the crypto -industry and for President Donald Trump who has pushed to align its administration with digital innovations. It also noted the victory for Industry that spent more than 245 million dollars in the 2024 cycle To help choose what is now being considered as the most gaping-kongres in US history.

Finance Minister Scott Igent said the market for us, if accepted in the coming years, the market for us can grow eight times to more than $ 2 trillion. White House AI and Crypto Czar David Saxi predicted that it could unlock “Trillion“The dollars that are in demand for the US Treasury virtually one night.

Voting occurred Just a few hours after FAIRSHAKE, the most powerful Pac Crypto Industry, opened $ 141 million in cash, as it is fighting for regulatory victories and supports the candidates for crystals, which are sent to the average period of 2026. The Committee did not comment on this story.

The management of the house plans a second vote on Tuesday, though it is unclear whether the rules or text of the bill will be changed to meet the passage.

See: Stables Disassembly moves to the house after the Senate cleanses the iconic bill Crypto